Goods and services expense in Least developed countries
Least developed countries: Goods and services expense was 20.0% in 2021. ▼ Falling
Goods and services expense in Least developed countries, 2010–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2021, goods and services expense in Least developed countries stood at 20.0%.
That represents a change of up 15.6% on the previous year and down 17.0% over ten years.
Over the whole period, goods and services expense in Least developed countries peaked at 26.5% in 2013 and was at its lowest, 17.3%, in 2020.
That places Least developed countries 8th out of 39 groups with data for 2021, putting it in the top quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Goods and services expense in Least developed countries, year by year
| Year | % of expense | Change |
|---|---|---|
| 2010 | 24.1% | — |
| 2012 | 24.4% | +1.1% |
| 2013 | 26.5% | +8.6% |
| 2014 | 24.3% | -8.1% |
| 2015 | 23.1% | -5.1% |
| 2016 | 23.0% | -0.5% |
| 2017 | 25.4% | +10.5% |
| 2018 | 23.9% | -5.8% |
| 2019 | 23.3% | -2.5% |
| 2020 | 17.3% | -25.7% |
| 2021 | 20.0% | +15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 24.2% | 23.0% | 26.5% | 9 |
| 2020s | 18.7% | 17.3% | 20.0% | 2 |
Countries ranked near Least developed countries
- 5 Azerbaijan 42.5% compare
- 6 Solomon Islands 38.5% compare
- 7 Ukraine 35.7% compare
- 8 Naoero 35.6% compare
- 9 Cameroon 33.6% compare
- 10 Micronesia, Federated States of 32.9% compare
- 11 Guinea-Bissau 32.4% compare
More public sector data for Least developed countries
- Arms imports 748.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.645 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -26.74 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 748.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 19.79 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0152 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 19.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 23.48 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 36.74 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Least developed countries?
- Goods and services expense in Least developed countries was 20.0% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Least developed countries?
- The highest recorded value was 26.5% in 2013.
- What is the lowest goods and services expense recorded in Least developed countries?
- The lowest recorded value was 17.3% in 2020.
- How does Least developed countries rank for goods and services expense?
- Least developed countries ranks 8th out of 39 groups with data for 2021.
- Is goods and services expense rising or falling in Least developed countries?
- Over the last ten years it is down 17.0%. The long-run trend across the full record is falling.
- Where does this Least developed countries data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.